Mortgage Borrowing Checks Are Long Overdue, Say Experts
South Wales Evening Post › October 21, 2009
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Summary
TOUGH new checks to make sure borrowers can repay their mortgages are long overdue, according to Welsh housing experts.
The Financial Services Authority (FSA) yesterday announced proposals cracking down on mortgage companies in an attempt to create an economy of sensible lending.See the full content of this document
Extract
Mortgage Borrowing Checks Are Long Overdue, Say Experts
Under the plans, lenders would be responsible for assessing a borrower's ability to repay their loan, taking into account their monthly d...
See the full content of this document
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